Islamic Bank Strength Ranking Lists Ten African Banks
TABInsights' 2026 ranking of the world's 100 strongest Islamic banks includes ten institutions from Africa.
Updated on Nov. 6, 2026 in Islam
TABInsights published its World's 100 Strongest Islamic Banks 2026 ranking on November 2, 2026, assessing the financial strength of the world's 100 largest Islamic banks. Al Rajhi Bank of Saudi Arabia ranks first globally, while ten African banks appear on the list.
Why it matters
The ranking evaluates banks across seven dimensions and 15 criteria, offering a standardized view of financial strength in the Islamic banking sector. Its African representation highlights the presence of Islamic finance institutions across North Africa, Nigeria, Kenya and South Africa.
The ranking scores each bank on 15 criteria across seven dimensions, weighted into an Aggregate Strength Score from 0 to 10, with Al Rajhi Bank at 7.63 and Abu Dhabi Islamic Bank Egypt at 6.19. The source does not indicate how these scores compare with prior-year results.
The players
TABInsights
TABInsights is an organization that publishes financial rankings and analysis of banking institutions.
Al Rajhi Bank
Al Rajhi Bank is a Saudi Arabian Islamic bank that is among the largest institutions in global Islamic finance.
The details
Six of the ten African banks operate in North Africa, and half are subsidiaries of major Middle Eastern banking groups. Al Baraka Bank Egypt ranks second among African banks at 35th globally, while TAJBank of Nigeria ranks third among African banks at 62nd.
Timeline
November 2, 2026: TABInsights publishes the World's 100 Strongest Islamic Banks 2026 ranking.
Culture Shift
The ranking extends TABInsights' annual series on the world's largest Islamic banks, and its African entries show Islamic finance expanding beyond the Gulf into North Africa and sub-Saharan markets such as Nigeria and Kenya. Half of the African banks on the list are subsidiaries of major Middle Eastern groups, indicating that much of this growth runs through established parent institutions.
Customers of Islamic banks in Egypt, Nigeria, Kenya, South Africa and Tunisia can use the ranking to compare the financial strength of the institutions they bank with. The ranking does not change account terms, products or fees for individual customers.
The takeaway
Strength rankings based on sovereign risk, capital, profitability and liquidity give depositors and investors a structured way to compare Islamic banks across regions. Readers choosing an Islamic bank can use such measures alongside their own review of products and services.
Further reading
Explore more reporting on Islam to see how Islamic finance fits into the wider faith community.
Source note: This article includes information reported by Ecofin Agency.
